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USDJPY - Technical Analysis

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FX:USDJPY   U.S. Dollar / Japanese Yen
- The price reached the very strong resist line. With that, the price created a strong bearish candle and reached the support line of that small channel. If the support is broken, we should expect further downwards movement to the horizontal point of the previously lowest point of the strucutre. Other scenario is if the price break the resist then we should expect retest and then enter the buy trade with probable reaching point marked on the chart with horizontal line.

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